Business travel solution providers are quickly perking their ears up to the demand for better ways to pay travel suppliers, and to reconcile that transaction data.

Lately, service providers have been turning to the virtual card to address needs for electronic payment. There are barriers to accessing a virtual card payment program, however - particularly for businesses that aren’t using a Travel Management Company.

Graeme Descoteaux, head of corporate travel at LateRooms.com Business, explained that, while virtual card adoption is on the rise, not all firms are able to handle the added costs that can sometimes arise.

“While virtual cards have played a prominent part in business travel for some years now, we’re also aware that travel management companies that offer these services also charge additional fees to the client.”

Nearly 70 per cent of travel buyers say that enforcing policy is one of the most challenging aspects of their job, but new research also identified a large gap in traveler knowledge of policy when it comes to booking hotels.

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